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NYSE:GVA

Granite Construction Stock Forecast, Price & News

$29.14
+0.52 (+1.82%)
(As of 06/30/2022 05:49 PM ET)
Add
Compare
Today's Range
$28.23
$29.24
50-Day Range
$28.17
$33.09
52-Week Range
$27.84
$43.98
Volume
309,427 shs
Average Volume
387,220 shs
Market Capitalization
$1.32 billion
P/E Ratio
22.42
Dividend Yield
1.82%
Price Target
$50.00
30 days | 90 days | 365 days | Advanced Chart

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GVA Stock Forecast (MarketRank)

Overall MarketRank

2.97 out of 5 stars

Construction Sector

22nd out of 137 stocks

Heavy Construction, Except Building Construction - Contractors Industry

1st out of 11 stocks

Analyst Opinion: 3.5Community Rank: 3.9Dividend Strength: 2.5Insider Behavior: 2.5Valuation: 2.5 5 -4 -3 -2 -1 -
Granite Construction logo

About Granite Construction (NYSE:GVA)

Granite Construction Incorporated operates as an infrastructure contractor and a construction materials producer in the United States. It operates through two segments, Construction and Materials segments. The Construction segment engages in the construction and rehabilitation of roads, pavement preservation, bridges, rail lines, airports, marine ports, dams, reservoirs, aqueducts, infrastructure, and site development for use by the public. It also focuses on water-related construction for municipal agencies, commercial water suppliers, industrial facilities, and energy companies. The company also constructs various complex projects, including infrastructure/site development, mining, public safety, tunnel, solar, and power projects. The Materials segment is involved in the production of aggregates and asphalt for internal use, as well as for sale to third parties. In addition, it offers site preparation, mining, and infrastructure services for residential development, energy development, commercial and industrial sites, and other facilities; and provides construction management professional services. The company serves federal agencies, state departments of transportation, local transit authorities, county and city public works departments, school districts and developers, utilities, contractors, landscapers, manufacturers of products requiring aggregate materials, retailers, homeowners, farmers, brokers, and private owners of industrial, commercial, and residential sites. Granite Construction Incorporated was founded in 1922 and is headquartered in Watsonville, California.

GVA Stock News Headlines

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Industry, Sector and Symbol

Industry
Heavy construction, except building construction - contractors
Sub-Industry
Construction & Engineering
CUSIP
38732810
Employees
3,300
Year Founded
N/A

Company Calendar

Ex-Dividend for 4/14 Dividend
3/30/2022
Dividend Payable
4/14/2022
Last Earnings
4/28/2022
Ex-Dividend for 7/15 Dividend
6/29/2022
Today
6/30/2022
Dividend Payable
7/15/2022
Next Earnings (Estimated)
8/04/2022
Fiscal Year End
12/31/2022

Price Target and Rating

Average Stock Price Forecast
$50.00
High Stock Price Forecast
$50.00
Low Stock Price Forecast
$50.00
Forecasted Upside/Downside
+71.6%
Consensus Rating
Buy
Rating Score (0-4)
3
Research Coverage
1 Analysts

Profitability

Net Income
$10.10 million
Pretax Margin
1.64%

Debt

Sales & Book Value

Annual Sales
$3.01 billion
Cash Flow
$4.39 per share
Book Value
$21.73 per share

Miscellaneous

Free Float
44,915,000
Market Cap
$1.32 billion
Optionable
Optionable
Beta
1.40














Granite Construction Frequently Asked Questions

Should I buy or sell Granite Construction stock right now?

1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Granite Construction in the last twelve months. There are currently 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Granite Construction stock.
View analyst ratings for Granite Construction
or view top-rated stocks.

What is Granite Construction's stock price forecast for 2022?

1 brokers have issued 1 year price objectives for Granite Construction's shares. Their GVA stock forecasts range from $50.00 to $50.00. On average, they predict Granite Construction's share price to reach $50.00 in the next twelve months. This suggests a possible upside of 71.6% from the stock's current price.
View analysts' price targets for Granite Construction
or view top-rated stocks among Wall Street analysts.

How has Granite Construction's stock price performed in 2022?

Granite Construction's stock was trading at $38.70 at the beginning of 2022. Since then, GVA shares have decreased by 24.7% and is now trading at $29.14.
View the best growth stocks for 2022 here
.

When is Granite Construction's next earnings date?

Granite Construction is scheduled to release its next quarterly earnings announcement on Thursday, August 4th 2022.
View our earnings forecast for Granite Construction
.

How were Granite Construction's earnings last quarter?

Granite Construction Incorporated (NYSE:GVA) posted its earnings results on Thursday, April, 28th. The construction company reported ($0.28) EPS for the quarter, topping the consensus estimate of ($0.31) by $0.03. The construction company had revenue of $547.59 million for the quarter. Granite Construction had a trailing twelve-month return on equity of 7.51% and a net margin of 1.95%. During the same quarter in the prior year, the business earned ($0.11) EPS.
View Granite Construction's earnings history
.

How often does Granite Construction pay dividends? What is the dividend yield for Granite Construction?

Granite Construction declared a quarterly dividend on Thursday, June 9th. Shareholders of record on Thursday, June 30th will be paid a dividend of $0.13 per share on Friday, July 15th. This represents a $0.52 annualized dividend and a yield of 1.78%. The ex-dividend date is Wednesday, June 29th.
View Granite Construction's dividend history
.

Is Granite Construction a good dividend stock?

Granite Construction(NYSE:GVA) pays an annual dividend of $0.52 per share and currently has a dividend yield of 1.82%. The dividend payout ratio of Granite Construction is 40.00%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Granite Construction will have a dividend payout ratio of 17.39% next year. This indicates that Granite Construction will be able to sustain or increase its dividend.
View Granite Construction's dividend history.

Who are Granite Construction's key executives?

Granite Construction's management team includes the following people:
  • Mr. Kyle T. Larkin, Pres, CEO & Director (Age 50, Pay $923.59k)
  • Ms. Elizabeth Lisa Curtis, Exec. VP & CFO (Age 55, Pay $516.07k)
  • Mr. James A. Radich, Exec. VP & COO (Age 63, Pay $545.36k)
  • Mr. Brian A. Dowd, Sr. VP & California Group Mang. (Age 58, Pay $587.66k)
  • Mr. Michael G. Tatusko, Sr. VP & Mountain Group Mang. (Age 57, Pay $828.71k)
  • Ms. Staci M. Woolsey, Chief Accounting Officer (Age 45)
  • Mr. M. Craig Hall, Sr. VP, Gen. Counsel, Corp. Compliance Officer & Sec.
  • Ms. Erin Kuhlman, Sr. VP and Chief Marketing & Communications Officer
  • Mr. Tim Gruber, Sr. VP of HR
  • Mr. James Hildebrand Roberts, Chief Exec. Officer Emeritus (Age 65)

What is Kyle T. Larkin's approval rating as Granite Construction's CEO?

4 employees have rated Granite Construction CEO Kyle T. Larkin on Glassdoor.com. Kyle T. Larkin has an approval rating of 100% among Granite Construction's employees. This puts Kyle T. Larkin in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of Granite Construction own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Granite Construction investors own include U.S. Silica (SLCA), Alibaba Group (BABA), Enterprise Products Partners (EPD), AT&T (T), Applied Materials (AMAT), JD.com (JD), NVIDIA (NVDA), Ford Motor (F), The Hain Celestial Group (HAIN) and Carnival Co. & (CCL).

What is Granite Construction's stock symbol?

Granite Construction trades on the New York Stock Exchange (NYSE) under the ticker symbol "GVA."

How do I buy shares of Granite Construction?

Shares of GVA can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Granite Construction's stock price today?

One share of GVA stock can currently be purchased for approximately $29.14.

How much money does Granite Construction make?

Granite Construction (NYSE:GVA) has a market capitalization of $1.32 billion and generates $3.01 billion in revenue each year. The construction company earns $10.10 million in net income (profit) each year or $1.299990 on an earnings per share basis.

How many employees does Granite Construction have?

Granite Construction employs 3,300 workers across the globe.

How can I contact Granite Construction?

Granite Construction's mailing address is 585 WEST BEACH ST, WATSONVILLE CA, 95076. The official website for Granite Construction is www.graniteconstruction.com. The construction company can be reached via phone at (831) 724-1011, via email at [email protected], or via fax at 831-761-7871.

This page (NYSE:GVA) was last updated on 6/30/2022 by MarketBeat.com Staff

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